Short Interest in Dolphin Entertainment, Inc. (NASDAQ:DLPN) Declines By 56.6%

Dolphin Entertainment, Inc. (NASDAQ:DLPN) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 13,648 shares, a decrease of 56.6% from the July 15th total of 31,477 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 9,251 shares, the days-to-cover ratio is currently 1.5 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Dolphin Entertainment from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Dolphin Entertainment Stock Down 2.1%

Dolphin Entertainment stock traded down $0.03 during mid-day trading on Monday, hitting $1.18. The company’s stock had a trading volume of 5,161 shares, compared to its average volume of 29,393. Dolphin Entertainment has a 52-week low of $0.99 and a 52-week high of $1.88. The company has a market cap of $15.31 million, a PE ratio of -4.05 and a beta of 1.90. The company has a debt-to-equity ratio of 2.37, a current ratio of 0.77 and a quick ratio of 0.77. The firm’s 50 day moving average is $1.11 and its 200 day moving average is $1.35.

Dolphin Entertainment (NASDAQ:DLPN) last released its earnings results on Wednesday, August 12th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.09. The company had revenue of $14.44 million for the quarter, compared to analysts’ expectations of $14.50 million. Dolphin Entertainment had a negative return on equity of 21.68% and a negative net margin of 6.31%. On average, analysts anticipate that Dolphin Entertainment will post -0.35 earnings per share for the current year.

Institutional Investors Weigh In On Dolphin Entertainment

A hedge fund recently raised its stake in Dolphin Entertainment stock. Renaissance Technologies LLC lifted its stake in Dolphin Entertainment, Inc. (NASDAQ:DLPN) by 25.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,400 shares of the company’s stock after acquiring an additional 9,500 shares during the quarter. Renaissance Technologies LLC owned approximately 0.39% of Dolphin Entertainment worth $74,000 as of its most recent filing with the Securities and Exchange Commission. 8.87% of the stock is currently owned by institutional investors.

Dolphin Entertainment Company Profile

Dolphin Entertainment, Inc, together with its subsidiaries, operates as an independent entertainment marketing and production company in the United States. The company operates in two segments, Entertainment Publicity, and Marketing and Content Production. The Entertainment Publicity and Marketing segment provides diversified marketing services, including public relations, entertainment and hospitality content marketing, strategic communications, strategic marketing consulting, social media and influencer marketing, digital marketing, creative branding, talent publicity, and entertainment marketing services, as well as produces promotional video content.